Bank of the West joined the Marine Retailers Association of the Americas as a platinum partner, the highest level of support for the association.
Bank of the West has been focused on expanding its marine market portfolio during the last few years. It serves dealers across the country with retail and floorplan lending.
“Bank of the West remains committed to serving all the same markets it was serving before the big recession,” senior vice president, sales and marketing manager Mark Beecher said in a statement. “The marine industry is now moving past a very rough patch in the business cycle. We continue to support our marine dealer base with retail finance programs from our National Indirect Lending Group, as well as our Essex Credit subsidiary.
“Three years ago, in the depth of the recession, we started a commercial finance business, serving the commercial financing needs of the marine industry, as well as dealers in the auto and RV markets,” he added. “We are definitely open for business and growing.”